All categories

3 years ago

Colombia has an absolute advantage in producing coffee relative to the United States.

Business

1 answer:

Diano4ka-milaya [45]3 years ago

6 0

Answer:

The correct answer is letter "C": Colombia has a comparative advantage in producing coffee relative to the United States.

Explanation:

A comparative Advantage is a person, company, or country's ability to produce a good or service at a lower cost of production than its competitors. Possessing a comparative advantage does not mean that one entity is absolutely better at producing a good or service than another.

Thus, <em>Colombia has a comparative advantage in producing coffee relative to the United State because its lands and weather allows the growing of coffee crops better than in the U.S.</em>

You might be interested in

At the beginning of the month, the forming department of martin manufacturing had 10,000 units in inventory, 30% complete as to

bonufazy [111]

Answer:

Equivalent units for materials are 68,400 units

Equivalent units for conversion are 66,800 units

Explanation:

Eighted average costing adds the value of beginning invventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Material

Equivalent Units = 62,000 + 8,000 x 80% = 68,400 units

Conversion

Equivalent Units = 62,000 + 8,000 x 60% = 66,800 units

6 0

4 years ago

In an economy that relies upon barter,

Ad libitum [116K]

<span>In an economy that relies on barter, there is no item in the economy that is widely accepted in exchange for goods and services. Money is not used in a bartering system. Goods are exchanged for goods, and services are exchanged for services.</span>

3 0

3 years ago

James Smith, a health inspector for the state of Missouri, inspected a restaurant owned by Salley Slick. Smith found numerous he

HACTEHA [7]

Answer:

Smith is guilty of Bribery and corruption While slick is guilty of breaking health code and trying to bribe a public officer.

Explanation:

Bribery has occurred because Smith's judgment has been paid for/influenced through the $5000 he has received from Slick. Money he plans to use on a boat. Smith has solicitated a bribe and is guilty of bribery. Since he sought for the bribe, he has committed a crime of bribery solicitation. After receiving the money, he committed the crime of accepting a bribe. When additional sums of money were requested, Smith further committed the crime of extortion and blackmail. He has been shown to be greedy.

Slick is guilty of trying to bribe a public official to escape the payment of fines and also guilty of violating health codes.

3 0

3 years ago

"Marshall Enterprises charged the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,0

4vir4ik [10]

Answer:

Given that,

Jobs still in process = $20,000

Jobs completed but not sold = $60,000

Jobs finished and sold = $120,000

Marshall Enterprise's Factory Overhead account has a credit balance of $5,000

Therefore, the journal entry is as follows:

Factory overhead A/c Dr. $5,000

To Cost of goods sold A/c $5,000

(To record the cost of goods sold)

3 0

3 years ago

Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $66,000 of its accounts

saul85 [17]

Answer:

The journal entry for recovery is shown below:

Explanation:

When the company, determine that it could not collect the amount, then the entry which should be recorded is:

Accounts receivable A/c..........Dr $66,000

Bad debts expenseA/c........Cr $66,000

But on October 30, the company received the full amount from the customer, then entry for recovery of the bad debt is as:

Cash A/c.................................Dr $66,000

Accounts Receivable A/c.......Cr $66,000

4 0

3 years ago